Sphere Entertainment Co. is a prominent player in the entertainment sector, specializing in orchestrating, staging, and hosting a diverse array of live ...
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Est. EPS $-2.26 · Revenue $1.37B · 3 analysts
Est. EPS $-1.77 · Revenue $1.42B · 2 analysts
Est. EPS $-1.01 · Revenue $314.27M · 2 analysts
Est. EPS $0.12 · Revenue $396.09M · 2 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $1.2B | +18.8% | -18.8% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $33.4M | +116.6% | -959.3% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +51.6% | +138.3% | -7.6% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | -12.2% | +44.0% | -802.0% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +2.7% | +114.0% | -1158.7% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $191.0M | +161.7% | -136.6% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +15.7% | +152.0% | -145.1% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 43.1% | -31.5% | +3.1% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.07x | +69.2% | -12.4% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $4.4B | -7.5% | +4.9% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 0.74 vs -1.23 | +160.1% | -1.07 vs -1.01 | -6.3% |
| Revenue Surprise | $1.2B vs $1.2B | +1.5% | $313.6M vs $314.3M | -0.2% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jun 10, 2026 | Dolan Kristin A | director, 10 percent owner: | Restricted Stock Units | A | 1,723 | — |
| Jun 10, 2026 | DOLAN THOMAS CHARLES | director, other: Member of 13(d) Group | Restricted Stock Units | A | 1,173 | — |
| Jun 10, 2026 | SYKES JOHN L | director | Restricted Stock Units | A | 1,173 | — |
| Jun 10, 2026 | Sweeney Brian | director, other: Trustee of 13(d) Group Member | Restricted Stock Units | A | 1,173 | — |
| Jun 10, 2026 | DOLAN PAUL JOSEPH | director, other: Trustee of 13(d) Group Member | Restricted Stock Units | A | 1,173 | — |
Operator: Good morning. Thank you for standing by, and welcome to the Sphere Entertainment Co. Second Quarter 2026 Earnings Conference Call. I would now like to turn the call over to Ari Danes, Investor Relations. Ari, please go ahead. Ari Danes: Thank you. Good morning, and welcome to Sphere Entertainment's Second Quarter 2026 Earnings Conference Call. Today's call will begin with our Executive Chairman and CEO, Jim Dolan, who will provide an update on our business. Robert Langer, our Executive Vice President, Chief Financial Officer and Treasurer, will then review our financial results for the period. After our prepared remarks, we'll open up the call for questions. If you do not have a copy of today's earnings release, it is available in the Investors section of our corporate website. Please take note of the following. Today's discussion may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Please refer to the company's filings with the SEC for a discussion of risks and uncertainties. The company disclaims any obligation to update any forward-looking statements that may be discussed during this call. On Pages 4 and 5 of today's earnings release, we provide consolidated statements of operations and a reconciliation of operating income to adjusted operating income, or AOI, a non-GAAP financial measure. And with that, I'll now turn the call over to Jim. James Dolan: Thank you, Ari, and good morning, everyone. For today's call, I'd like to discuss our progress in 2 important areas of the business, expanding the Sphere venue footprint around the world and developing a diverse slate of original content. In Abu Dhabi, we recently announced Sphere site location on Yas Island. Construction for Sphere is now underway and is expected to be completed by the end of 2029. Here in the U.S., we continue to advance our plans for Sphere at National Harbor. We expect to complete an agreement for third-party financing in the near term. This funding would be in addition to $200 million in state, local and private incentives. The contemplated structure would give us full operational control of the venue day-to-day. This would also allow us to consolidate the venue's financials and retain more of its economics. In addition, we recently filed our detailed site plan with Prince George's County as we work towards securing necessary permits. We continue to believe the venue could be open in under 4 years. We also remain in discussions with a significant number of markets regarding large and small-scale Spheres. At the same time, we continue to focus on developing a diverse slate of original experiences. Last month, we announced a new experience, the Rocky Horror Picture Show at Sphere, …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Jennifer Koester | President & Chief Operating Officer | USD 4,766,324 | Female | 1974 | Active |
Robert Langer | Executive Vice President, Chief Financial Officer & Treasurer | USD 2,565,949 | Male | 1965 | Active |
David Granville-Smith | Executive Vice President | USD 1,830,640 | Male | 1968 | Active |
James Lawrence Dolan | Executive Chairman & Chief Executive Officer | USD 1,257,000 | Male | 1955 | Active |
Christopher Winters | Senior Vice President, Controller & Principal Accounting Officer | USD 512,516 | Male | 1981 | Active |
Ryan Thomas Dolan | Executive VP, Head of Event & Interactive Technology and Director | USD 75,000 | Male | 1990 | Active |
Allen Lo | Executive VP & Chief Legal Officer | — | Male | 1968 | Active |
Ari Danes | Senior Vice President of Investor Relations & Treasury | — | Male | — | Active |
Paul Westbury FICE FIStructE FREng. | Executive Vice President of Development & Construction | — | Male | 1969 | Active |
Karen Laureano-Rikardsen | Global Head of Corporate Marketing & Communications | — | Female | — | Active |
Felicia Yue | Executive VP & CTO | — | Female | — | Active |
Mikyl Cordova | Executive Vice President of Communications & Marketing | — | Female | — | Active |
Sphere Entertainment NYSE: SPHR reported second-quarter revenue of $313.6 million and adjusted operating income of $50.9 million, while executives highlighted progress on venue expansion, original content development and advertising partnerships.
Sphere Entertainment Co. (SPHR) Q2 2026 Earnings Call Transcript
Sphere Entertainment (SPHR) came out with a quarterly loss of $1.07 per share versus the Zacks Consensus Estimate of a loss of $1.52. This compares to a loss of $2.71 per share a year ago.
Although the revenue and EPS for Sphere Entertainment (SPHR) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
NEW YORK--(BUSINESS WIRE)--Sphere Entertainment Co. (NYSE: SPHR) (“Sphere Entertainment” or the “Company”) today reported financial results for the second quarter ended June 30, 2026. Recent highlights for the Company's Sphere segment include: In May, the Company announced with the Department of Culture and Tourism – Abu Dhabi that Yas Island has been selected as the location for Sphere Abu Dhabi, with construction expected to be completed by the end of 2029; The Company remains in discussions.
